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This document is a contract closure certificate between a contractor and a company. It states that in exchange for final payment, the contractor releases the company from all claims arising from the contract performance. The contractor also agrees to indemnify and hold the company harmless from any costs or claims relating to the supply of goods under the contract. Certain obligations of the contractor around warranties, guarantees, and indemnities are specified to survive the contract completion. The document is signed by representatives of both the contractor and company.
This document is a contract closure certificate between a contractor and a company. It states that in exchange for final payment, the contractor releases the company from all claims arising from the contract performance. The contractor also agrees to indemnify and hold the company harmless from any costs or claims relating to the supply of goods under the contract. Certain obligations of the contractor around warranties, guarantees, and indemnities are specified to survive the contract completion. The document is signed by representatives of both the contractor and company.
This document is a contract closure certificate between a contractor and a company. It states that in exchange for final payment, the contractor releases the company from all claims arising from the contract performance. The contractor also agrees to indemnify and hold the company harmless from any costs or claims relating to the supply of goods under the contract. Certain obligations of the contractor around warranties, guarantees, and indemnities are specified to survive the contract completion. The document is signed by representatives of both the contractor and company.
With reference to CONTRACT No. _______________________ dated ________20_____, between undersigned CONTRACTOR, __________________________________________ ( Name of CONTRACTOR ) and ______________________________________________________________________ ( Name of COMPANY ) _________________________________________________________________________ For Supply of _____________________________________________________________ ( Title ) In consideration of USD/ VND ___________ as per final payment under the CONTRACT, the CONTRACTOR hereby unconditionally releases and forever discharges CLIENT and CLIENT premises and property from all claims, liens and obligations of every nature arising out of or in connections with performance of the CONTRACT and all amendments thereto. The CONTRACT agrees to indemnify and hold CLIENT harmless form and against all cost, losses, damages, claims from any cause of action, judgements and expenses, including legal costs arising out of or in connections with claims against CLIENT which claims arise of the supply of GOODS on the Delivery Time: DD/MM/YYYY under the CONTRACT and which may be asserted by CONTRACTOR or any of its sub-Contractors or any of their representatives, officers, agents or employees. The foregoing shall not relieve the CONTRACTOR of his obligations under the provision of the CONTRACTOR, which by their nature survive completion of supplying GOODS including, without limitation, warranties, guarantees and indemnities. Executed this __________________ day of ____________ 20_____. For and on behalf of CLIENT __________________ Signature __________________ Name For and on behalf of CONTRACTOR __________________ Signature __________________ Name
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